Investors should accumulate reopening plays during this month of heightened uncertainty and volatility, as Covid-19 cases are expected to peak in October and stabilise thereafter, says UOB Kay Hian Research analyst Jonathan Koh.
In an Oct 1 note, Koh is maintaining “overweight” on S-REITs, with “buy” calls on hospitality REITs Ascott Residence Trust (ART), with a target price of $1.16; and Far East Hospitality Trust (FEHT), with a target price of 71 cents.
Koh is also recommending “buy” on retail REITs Frasers Centrepoint Trust (FCT), with a target price of $3.06); and Lendlease Global Commercial REIT (LREIT), with a target price of $1.01.
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